Sec. 11. Lien of Bonds. Bonds issued under this chapter and the interest on them may be secured by a pledge of or lien upon the revenues and receipts derived from or in connection with the home mortgages or from any notes or other obligations of lending institutions with respect to which the bonds have been issued. The governing body may provide in the ordinance authorizing the bonds for the issuance of additional bonds to be equally and ratably secured by a lien upon these revenues and receipts.
As added by Acts 1979, P.L.47, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Chapter 2. Financing of Housing
5-20-2-1. Legislative Findings; Declaration of Purpose
5-20-2-10. Signatures of Officers on Bonds; Validity of Bonds
5-20-2-12. Liability for Bonds
5-20-2-13. Exemption From Contract and Bidding Requirements; Real Property Bid Submitted by Trust
5-20-2-14. Tax Exemption for Bonds
5-20-2-16. Securities Exemption
5-20-2-17. Antitrust Exemption
5-20-2-18. Powers Conferred as Additional and Supplemental; Limitations Imposed; Effect